Company Name: Tantech Holdings Ltd
For the past decade, Tantech has been a highly specialized high-tech enterprise producing, researching and developing bamboo charcoal-based products with an established domestic and international sales and distribution network. Since 2017, when the Company acquired 70% of Shangchi Automobile, a vehicle manufacturer based in Zhangjiagang City, Jiangsu Province, it has manufactured and sold vehicles. The Company established two new subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile Co., Ltd., in November 2020, to produce and sell street sweepers and other electric vehicles.
Why did it go up over 100%?
LISHUI, China, Dec. 13, 2021 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”), a clean energy company in China, today announced that its subsidiary, Lishui Smart New Energy Automobile Co., Ltd., received a milestone order for twelve of its highly innovative SC-120A driverless and autonomous street sweepers. The customer is a real estate development and property management company, managing industrial parks and other properties in China. This represents the first order since the recent completion of the final phase of factory testing and standard factory quality control reviews. The Company separately announced the successful development of its third generation of driverless and autonomous sweeper with enhanced features, including expanded route and memory capabilities, additional sensors and improved further improved navigation and positioning accuracy.
Pretty cool, driverless street sweepers! Autonomous vehicles are going to be the norm in the future and they just sold 12, pretty big news!
1 Day Technical Analysis:
I like it, the news is great with driverless street sweepers. The chart is solid, my only caveat is, wait until it breaks $.63 in my opinion. Hopefully it gaps up this morning and breaks through.
5 Day Technical Analysis:
It’s a bullish trend line, hopefully the volume will continue. Keep an eye on the news feed, that drives volume. Again, the $.63 PPS is an important target for this morning and it would be nice to see it glide right by it. Happy trading!